When it comes to comfort, joy, and holiday merriment, we wholeheartedly hope that this year you enjoy in the lions’ share [pun definitely intended]. But before we don our pilgrims hat this week, we need to take just a moment to put on our health advisor’s cap for some real-talk.
Financial trending reports have confirmed, year after year, that keeping up with our monthly bills in the November & December months is just not something that we, as Americans, tend to prioritize. And I mean, who can blame us? After the first bite of pumpkin pie, it’s nothing but exciting Black Friday’s, exclusive Cyber Monday’s, and sale bell’s jingling everywhere we look!
And while we hate to be the heavy here [no one loves a sale more than we do], your overall safety is our #1 priority. We’re confident that most of you will make it through the holiday spending peaks without any issue, but if you do end up needing to skip a bill or two, it’s crucial to be cognizant of the potential consequences of unpaid bills. For many bills, skipping a payment may be as painless as paying a small late fee. But in the insurance industry, skipping out on your monthly premiums could have catastrophic outcomes. For many carriers, failing to pay your monthly premiums can result in a lapse in and/or termination of your coverage!
According to a local hospital survey, the average cost of a snow-related slip & fall accident ranges between $33,000 and $48,000 without health insurance. A study originating in Salt Lake City discovered that Utahn’s get into a car accident once every 22 minutes. With hospital costs averaging $4000/day, and most uninsured overnight hospital stays resulting in at least $15,000, it’s no wonder that unexpected medical expenses are responsible for 62% of all personal bankruptcies.
Our little PSA in a [chest]nutshell is simply: schedule a reminder to pay your insurance premiums this holiday season, so you don't forget them amid the festivities. Serving as your insurance agent has been nothing short of privilege, and it is always our chief prerogative to guard you and your families from the unforeseen. Before we get too schmaltzy, we’ll wrap up by sending you & yours the warmest of wishes for a Merry Christmas and a Happy, Healthy New Year!